FILL IN THE CORRECT TERMINOLOGIES IN THE BLANK SPACES _____ 1. a. A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs. _____ 2. b. A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows. _____ 3. c. Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit. _____ 4. d. An analysis of the additional costs and benefits of a proposed alternative compared with the current situation. _____ 5. e. A historical cost that the company has already incurred which is irrelevant to the decision making process. _____ 6. f. Costs that will not continue if an ongoing operation is changed or deleted. _____ 7. g. An already owned production site that is not currently in use. _____ 8. h. The maximum available benefit foregone by using a resource for a particular purpose. _____ 9. i. The predicted future costs and revenues that will differ among alternative courses of action. _____ 10. J. The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project _____ 11. k. Those costs of facilities and services that are shared by users _____ 12. l. The juncture of manufacturing where separate products developed in the same process become individually identifiable. _____ 13. m. A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs. _____ 14. n. Purchasing products or services from a supplier outside the company. _____ 15. o. Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money _____ 16. p. Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income _____ 17 q. The long-term planning for investment commitments with returns spread over multiple years _____ 18. r. A decision process that compares the differential revenues and costs of alternatives. _____ 19. s. Costs that will continue even if a company discontinues one of its current operations _____ 20. t. The increase in expected average annual operating income divided by the original required investment

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FILL IN THE CORRECT TERMINOLOGIES IN THE BLANK SPACES   _____ 1.  a. A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs.        _____ 2.  b. A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows.        _____ 3.  c. Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit.        _____ 4.  d. An analysis of the additional costs and benefits of a proposed alternative compared with the current situation.        _____ 5.  e. A historical cost that the company has already incurred which is irrelevant to the decision making process.        _____ 6.  f. Costs that will not continue if an ongoing operation is changed or deleted.        _____ 7.  g. An already owned production site that is not currently in use.        _____ 8.  h. The maximum available benefit foregone by using a resource for a particular purpose.        _____ 9.  i. The predicted future costs and revenues that will differ among alternative courses of action.        _____ 10.  J. The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project        _____ 11.  k. Those costs of facilities and services that are shared by users        _____ 12.  l. The juncture of manufacturing where separate products developed in the same process become individually identifiable.        _____ 13.  m. A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs.        _____ 14.  n. Purchasing products or services from a supplier outside the company.        _____ 15.  o. Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money        _____ 16.  p. Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income        _____ 17  q. The long-term planning for investment commitments with returns spread over multiple years        _____ 18.  r. A decision process that compares the differential revenues and costs of alternatives.        _____ 19.  s. Costs that will continue even if a company discontinues one of its current operations        _____ 20.  t. The increase in expected average annual operating income divided by the original required investment

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FILL IN THE CORRECT TERMINOLOGIES IN THE BLANK SPACES
_____ 1.		a. A method of internal (managerial accounting) reporting that emphasizes the distinction between variable and fixed costs.

_____ 2.		b. A discounted cash flow approach to capital budgeting that computes the present value of all future cash flows.

_____ 3.		c. Determination of the maximum cost a company can spend to make a product given a set volume, selling price and desired operating profit.

_____ 4.		d. An analysis of the additional costs and benefits of a proposed alternative compared with the current situation.

_____ 5.		e. A historical cost that the company has already incurred which is irrelevant to the decision making process.

_____ 6.		f. Costs that will not continue if an ongoing operation is changed or deleted.

_____ 7.		g. An already owned production site that is not currently in use.

_____ 8.		h. The maximum available benefit foregone by using a resource for a particular purpose.

_____ 9.		i. The predicted future costs and revenues that will differ among alternative courses of action.

_____ 10.		J. The time it will take to recoup, in the form of cash inflows from operations, the initial dollars invested in a project

_____ 11.		k. Those costs of facilities and services that are shared by users

_____ 12.		l. The juncture of manufacturing where separate products developed in the same process become individually identifiable.

_____ 13.		m. A costing approach that considers all indirect manufacturing costs (both variable and fixed) to be product (inventoriable) costs.

_____ 14.		n. Purchasing products or services from a supplier outside the company.

_____ 15.		o. Capital budgeting models that focus on cash inflows and ouflows while taking into account the time value of money

_____ 16.		p. Calculation of a selling price sufficient to cover the cost of producing a product as well as desired operating income

_____ 17		q. The long-term planning for investment commitments with returns spread over multiple years

_____ 18.		r. A decision process that compares the differential revenues and costs of alternatives.

_____ 19.		s. Costs that will continue even if a company discontinues one of its current operations

_____ 20.		t. The increase in expected average annual operating income divided by the original required investment